At a Glance
- Tasks: Lead compliance efforts and oversee regulatory frameworks in a dynamic banking environment.
- Company: Join a leading foreign bank with a strong presence in the UK.
- Benefits: Attractive salary, bonuses, and comprehensive benefits package.
- Other info: Opportunity to work closely with senior management and board members.
- Why this job: Make a significant impact on compliance and financial crime prevention in banking.
- Qualifications: Extensive compliance and AML experience in corporate banking required.
The predicted salary is between 140000 - 180000 £ per year.
We have been appointed by our client, the UK Branch Office of a Leading Foreign Bank, to help source a new Head of Compliance & MLRO for their London Office. The role will report directly to the UK General Manager and UK Board.
Duties will include:
- Act as the Bank’s SMF16 Compliance Oversight function holder and provide effective oversight of the Bank’s compliance with applicable FCA and PRA requirements.
- Develop, execute, maintain, review and enhance the Bank’s regulatory compliance framework, including the Compliance Manual, policies, procedures, compliance monitoring framework and related governance documents.
- Develop, execute, maintain, review and enhance a risk-based Compliance Monitoring Plan, including thematic reviews, control testing, recommendations, follow-up actions and reporting of findings.
- Monitor developments in applicable UK regulatory requirements, supervisory expectations and good industry practice, and assess their impact on the Bank.
- Prepare and deliver compliance Management Information (“MI”) and reports to the Board, the Audit & Risk Committee, senior management.
- Oversee and coordinate the Bank’s non-financial regulatory reporting obligations, ensuring timely, accurate and complete submissions and appropriate internal approval.
- Liaise with the FCA, PRA, auditors, and other external stakeholders as required.
- Act as the Bank’s SMF17 Money Laundering Reporting Officer and serve as the focal point for the Bank’s AML, counter-terrorist financing, sanctions and wider financial crime compliance activities.
- Develop, execute, maintain, review and enhance the Bank’s financial crime framework, including policies and procedures covering AML/CTF, sanctions, customer due diligence, enhanced due diligence, transaction monitoring, suspicious activity reporting, bribery and corruption, fraud and related controls.
- Act as the Bank’s Data Protection Officer (“DPO”), and act as the main point of contact for data protection matters.
You will have gained solid Compliance and AML experience in a similar Corporate Banking or Foreign Bank Branch environment with a detailed knowledge of FCA & PRA rules and a good understanding of AML requirements. You must also have been SMF 16 and 17 approved (or be eligible to hold SMF 16 & 17 if not previously been approved).
If that sounds like you, then please send your details to Gary Collins in the first instance (Including a contact number & email) however please note we cannot reply to all applications so only successful applications will be contacted (although under no circumstance are your details ever passed on without your specific permission).
The recruiter has stated that all applicants for this job should be able to prove that they are legally entitled to work in the UK. Through application, all candidates signify their acceptance of the above information and confirm that the information they provide is true and accurate to the best of their knowledge.
Head of Compliance & MLRO in Slough employer: Symes Collins
As a leading foreign bank with a strong presence in London, we pride ourselves on fostering a dynamic and inclusive work culture that prioritises employee development and well-being. Our competitive salary package, coupled with comprehensive benefits and performance bonuses, reflects our commitment to attracting top talent in the industry. Join us to be part of a forward-thinking team where your expertise in compliance will directly influence our strategic direction and regulatory success.
StudySmarter Expert Advice🤫
We think this is how you could land Head of Compliance & MLRO in Slough
✨Join Compliance Communities
Get involved in compliance and risk communities — both online and offline. Look for forums, LinkedIn groups, or even local meetups where compliance pros hang out. You never know who might drop a job opportunity your way!
✨Attend Industry Conferences
Keep an eye out for compliance and risk management conferences and workshops in your area. These events are a goldmine for networking, and they often have job boards or recruiters on-site looking for new talent. Plus, it’s a chance to learn what's trending in the field.
✨Leverage Your University Career Services
If you’ve recently graduated or are still studying, head over to your university's career services. Many companies, including those in compliance, actively recruit fresh talent through these services, so make sure you tap into that resource.
✨Showcase Your Knowledge Online
Start writing articles or blog posts about compliance topics that interest you. Share them on platforms like LinkedIn to demonstrate your knowledge and passion. This not only builds your presence in the field but can also catch the attention of companies like Symes Collins looking for candidates who are engaged and informed.
We think you need these skills to ace Head of Compliance & MLRO in Slough
Some tips for your application 🫡
Show Your Understanding of Compliance:In the compliance-risk field, it's super important to showcase your understanding of regulations and risk management frameworks. Highlight any relevant coursework, certifications (like ICA or AML), or even projects that demonstrate your knowledge and commitment to this area. We want to see how you can navigate this complex landscape!
Quantify Your Achievements:When detailing your experience, try to quantify your achievements. For example, if you've previously worked on a project that improved compliance metrics or reduced risk exposure, give us the numbers! This data-driven approach really stands out to hiring managers in compliance-risk roles.
Tailor Your CV to Reflect Relevant Skills:Make sure your CV highlights skills that are particularly relevant to compliance, like attention to detail, analytical thinking, and report writing. Ensure these are easy to spot – consider using bullet points to break down your responsibilities and achievements for maximum impact!
Craft a Motivating Cover Letter:In your cover letter, let us know why you’re excited about the compliance-risk role at Symes Collins. Share what motivates you about compliance, and how you believe you can contribute to our mission. This is your chance to showcase not only your skills but also your passion for this important field!
How to prepare for a job interview at Symes Collins
✨Master the Regulations
Brush up on key compliance regulations relevant to the industry you're applying to. Familiarising yourself with specific laws and frameworks used in your field will give you an edge during technical questions. Show that you’re not just aware of them but can also apply them—think real-life scenarios!
✨Show Your Analytical Skills
Compliance roles really focus on analytical skills, so be prepared for case studies or situational questions during the interview. We've got to demonstrate how we approach risk assessments or compliance audits, possibly drawing on examples from past experiences or university projects. Bring some thoughtful case scenarios to discuss!
✨Know Your Tools
Get comfortable with commonly used compliance software and tools. Familiarity with platforms like RSA or MetricStream can really impress during your interview, as it shows you're ready to hit the ground running. If you’ve had any experience with them, make sure to highlight that!
✨Align with Company Culture
Since it's a full-time position, show your long-term commitment and interest in the company’s mission and values. Dive into how your ethics and professional philosophy align with Symes Collins’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
